Roof Eidam & Maycock ADV continued to hold its stake in shares of Diageo PLC (NYSE:DEO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,620 shares of the company’s stock at the end of the second quarter. Roof Eidam & Maycock ADV’s holdings in Diageo PLC were worth $1,512,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of DEO. State Street Corp increased its position in shares of Diageo PLC by 7.8% in the fourth quarter. State Street Corp now owns 68,811 shares of the company’s stock valued at $7,151,000 after buying an additional 4,963 shares in the last quarter. Fulton Bank N.A. increased its position in shares of Diageo PLC by 2.6% in the first quarter. Fulton Bank N.A. now owns 2,262 shares of the company’s stock valued at $262,000 after buying an additional 58 shares in the last quarter. Confluence Investment Management LLC increased its position in shares of Diageo PLC by 8.1% in the first quarter. Confluence Investment Management LLC now owns 882,583 shares of the company’s stock valued at $102,009,000 after buying an additional 66,120 shares in the last quarter. Catawba Capital Management VA acquired a new position in shares of Diageo PLC during the first quarter valued at approximately $512,000. Finally, Hills Bank & Trust Co. acquired a new position in shares of Diageo PLC during the first quarter valued at approximately $207,000. 12.07% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Diageo PLC (NYSE DEO) opened at 129.51 on Friday. The firm has a 50 day moving average price of $123.60 and a 200-day moving average price of $118.35. Diageo PLC has a 52-week low of $99.46 and a 52-week high of $133.17. The company has a market cap of $81.38 billion, a price-to-earnings ratio of 23.23 and a beta of 0.76.
The company also recently announced a semiannual dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Friday, August 11th will be paid a $2.0322 dividend. This represents a yield of 3.12%. This is an increase from Diageo PLC’s previous semiannual dividend of $1.19. The ex-dividend date is Wednesday, August 9th.
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Several analysts recently issued reports on DEO shares. BidaskClub raised Diageo PLC from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Jefferies Group LLC set a $120.00 price objective on Diageo PLC and gave the company a “buy” rating in a report on Friday, April 21st. Zacks Investment Research raised Diageo PLC from a “sell” rating to a “hold” rating in a report on Thursday, April 20th. Societe Generale raised Diageo PLC from a “hold” rating to a “buy” rating in a report on Monday, June 26th. Finally, Citigroup Inc. cut Diageo PLC from a “buy” rating to a “neutral” rating in a report on Thursday, May 25th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $141.67.
About Diageo PLC
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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